The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Released for publication Friday morning, Feb. 2H; not earlier# B-S01 Federal Reserve Board February 23, 1933• CONDITIO!" OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending February 21, as reported by the Federal reserve banks, was $2,268,000,000, an increase of $169,000,000 compared with the preceding week and of $^93,000,000 compared with the corresponding week in 1932. On February 21 total reserve bank credit amounted to $2,351>000»000» 3X1 i n ~ crease of $215,000,000 for the week. This increase corresponds with increases of $13^,000,000 in money in circulation and $35>000,000 in member bank reserve balances and a decrease of $51,000,000 in monetary gold stock, offset in part by an increase of $5,000,000 in Treasury currency, adjusted. Holdings of discounted bills increased $19,000,000 at the Federal Reserve Bank of Chicago, $7,000,000 at Philadelphia, $6,000,000 at New York, $5,000,000 at San Francisco and $41,000,000 at all Federal reserve banks. The System1s holdings of bills bought in open market increased $1^3»000,000, while holdings of United States Treasury notes increased $15,000,000 and of Treasury certificates and bills $10,000,000; Changes in the amount of reserve bank credit outstanding and. in related items during the week an& the year ending February 21, 1933? were as. follows: Increase or decrease since Feb. 21 1933 Feb. 15 1933 Feb. 2k 1932 (In millions of dollars) Bills discounted Bills bought U.S. Government securities Other reserve bank credit 327 + Hi ~ 508 17U +IU3 + Hi lf83U 16 + 25 + 6 +1.093 9 + 617 + + 110 98 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 2,351 +215 I.878 + 5 Money in circulation Member bank reserve balances Unexpended capital funds,nonmember deposits,etc 5,988 2,271 H3I +13H +35 + 1 H,H6o - 51 + 396 + 393 36 Released for publication Friday morning, February 24,1933; not earlier, B-SOlc RESOURCES A"-TD LIABILITIES OF TEE TWELVE FEDERAL RESERVE BASES COMBINED (in thousands of dollars) Feb. 21,1933 R Feb. 15,1933 Feb. 21+.1952 S O U R C E S 2,1+47,357 Gold with Federal reserve agents . . . Gold redemption fund with U.S.Treasury Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board Gold and gold certificates held by bank Total gold reserves Reserves other tha:- gold . . Total reserves ITon-reserve cash Bills discounted: Sec. by U.S. Government obligations Other bills discounted Total bills discounted . . . . Bills bought in open market U. S. Government securities: Bonds Treasury notes . . . . . Certificates and bills Total U.S.Government securities Other securities 2,367,927 48,756 2,Ulb,743 Total bills and securities . . Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources 2,31+0, i4U 2,131,262 3,^98 3,510 11,5^2 437,943 263,707 3,113,393 186,251 3,304,61+4 73.5S6 105,102 222,036 327,13s 17M7S 1+21,021 452,661 960,551 1,S34.233 M97 13,289 333,656 53,962 52.99S 2,1+91,953 363,030 3^3,175 3,200,158 187,225 3.3S7.3S3 73,607 81,1+85 2Ql+, 808 2,037,032 55,7'45 2,092,777 285,51+9 559,222 2,937,5^ 202,211+ 3,139,762 75,5^6 1+71,180 361+I063 286,373 30,781+ 835,21+3 1+21,099 1+38,01+1+ 950,165 1,809,308 319,21+1 133,3S2 73* ^97 3*+7,8l8 71+0,556 ll+,681 390,639 53,962 53,^81 1,723.662 3,595 15,215 39S,332 57,821 39,793 6,175,777 6,105,326 5,^5S,926 F. R. notes in actual circulation . Deposits: Member bank - reserve account . . Government , Foreign bank Other deposit?. 3,QOO,2US 2,891,145 2,61+2,827 2,271,129 2,236,095 1,877,793 51,5^2 59,422 28,70l+ 1+9,302 30,002 Total deposits Deferred availability items Capital paid in Surplus All other liabilities 2,399,39s 2,375,763 388,938 1,973,^96 TOTAL RESOURCES . . . L I A B I L I T I E S TOTAL LIABILITIES 40,729 60,799 26,741 326,195 150,1+74 278,599 20,863 Contingent liability on bills purchased for foreign correspondents . . . . 278,599 20,025 6,105,386 . Ratio of total reserves to deposit and F. R. note liabilities combined . . 150,916 16,399 396,1+26 157,S57 259,^21 28,899. 5,1+53,926 6,175,777 61+. 3$ 68.0$ 35,681). 313,281 61.2$ 30,281+ RESOURCES MID LIABILITIES OF THE FEDERAL RESERVE BAIHCS OF FEBRUARY 21, 1933 (In thousands of dollars) B-801b Total 3oston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, ICans.Cy. Dallas San Fran, Gold with Federal reserve a-ents 2,367,987 200,327 1+^,157 155.000 189,970 74,425 65,970 792,765 105,215 51,050 77,2SO 20,565 186,263 Gold redemption fund with U.S.Treas. 48,756 1,673 14,484 5,423 6,351 1,9^1 2,972 4,363 1,277 2,106 1,853 1,210 5,103 R E S O U R C E S Gold held exclusively against 2,4l6,'743 202,000 F. R. notes Gold settlement fund with F.R.Board 437,943 26,665 Gold and gold certif. held by "banks 263,707 l4,i4i Total gold reserves 3,118,393 242,806 186,251 16,634 Reserves other than gold Total reserves 3,304,644 259,440 4,814 73.526 ITon-re serve cash Bills discounted: 105,102 Secured "by U.S.Govt, obligations 3,529 8,894 222,036 Other "bills discounted Total hills discounted 327,132 12,423 174,076 6,689 Bills bought in open market U. 3. Government securities: 421,021 19,740 Bonds Treasury notes 452,66l 24,521 Certificates and bills 960,551 4S,851 1,234,233 Total U.S.Govt, securities 93,112 Other securities — 4,697 Total bills and securities 2,340,144 112,224 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES 3,498 13,289 333,656 53,962 52,99s 26s 254 39,923 3,280 594 463,641 160,423 196,321 76,366 68,942 8,096 128,707 21,352 26,114 14,592 18,, 090 152,092 4,176 7,215 7,133 744,440 188,996 240,525 95,134 84,171 5,102 9,270 63,693 21,128 11,803 808,138 210,124 252,328 104,404 89,273 20,419 4,076 2,896 4,077 3.898 797,128 106,492 53,156 79,133 21,775 191,366 123,319 16,120 14,515 2 2 , 1 2 2 14,339 21,996 12,476 2,462 1 , 6 1 7 7,546 2,352 34,467 932,923 125,074 69,288 108,801 38,466 247,769 6,708 8,310 10,612 21,913 7,497 3,576 954,236 1 3 2 , 5 7 1 72,864 115,509 46,776 258,381 2,l6l 2,564 3,721 6,978 3,705 14,277 30,74s 32,94s 16,955 38,627 2,363 17,517 28,524 16,089 1,711 16,946 21,203 16,896 2,012 3,563 497 9,912 808 14,170 63,696 66,350 55.5S2 46,o4l 13,452 8,142 12,888 7,964 18,657 9,018 33,099 25,304 5,575 6,587 10,409 5.332 14,978 S,073 7,162 597 3,569 31,898 4,,166 39,060 842 16,887 9,916 12,778 25,455 48,149 10,057 12,904 25,710 48,671 39,921 13,956 17,416 51,581 17,338 12,543 162,665 34,538 24,965 254,167 65,832 54,929 — — 13 ll,75S 14,926 29,736 56,420 18,021 25,732 10,333 33,151 20,586 66,o4o 4s,94o 124,923 187,234 30,908 36,362 180,228 35,503 46,850 357,949 70,728 93,328 725,411 137,139 176,540 4,159 525 859,616 206,134 230,545 1,281 4,054 102,859 12,818 27,888 386 347 808 209 26,071 33,270 3,106 6,929 4,515 1.874 — 74,743 137 73s 24, 298 3,237 3,075 — 76,346 123 s6o 10,725 2,422 5,493 — — — 317,570 77,994 70,683 79,471 53,94s 180,870 245 47s 12 102 102 17 1,029 154 1,014 219 1,381 2,569 30,165 12,469 7,420. 18.2SS. 12,439 15'»729 4,244 1,746 1,741 3,559 7,595 3,285 2,186 2,016 1,550 1,092 1,205 1,510 6 , 1 7 5 , 7 7 7 420,797 1,337,073 454,621 529,999 213,528 189,319 1,329,040 232,163 1 5 7 , 1 2 1 221,727 120,375 470,014 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON FEBRUARY 21, 1933 (In thousands of dollars) B-SOlc Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 3,000,24s 192,84I 610,470 252,588 305.263 1 0 5 , 5 7 1 111,717 203,351 136,706 89,357 103,304 36,2)45 252,195 F.R.notes in actual circulation Deposits: 2,271,129 154,1+53 420,6l4 6l,o4l 46,225 83,294 938,922 120,444 137,042 55,201 44,933 Member "bank - reserve account 1,353 40,729 1,524 1,056 l,5S7 1,446 3,509 6,3^7 3,l4o 12,963 919 Government 1 ,720 60,799 6,227 1,364 5,271 2,016 2,313 7,709 4,329 Foreign bank: 2,076 21,303 26,741 167 713 1,59^ 3,756 2,753 ^55 Other deposits 2,039 25 801 8,5^9 87,422 2,399,392 161,947 Total deposits 128,425 146,398 437,423 66,175 49,352 921,737 64,779 48,729 Deferred availability items 7,449 17,714 29,479 13,686 96,411 27.926 33,536 24,768 10,233 326,195 34,241 4,029 Capital paid in 4,696 16,023 4,322 2,867 52,454 1 5 , 9 3 5 14,024 5,136 150,474 10,729 10,544 7,019 20,460 8,263 29,242 10,186 Surplus 39,^97 1 1 , 6 1 6 28,294 272,599 85,058 2,800 1,088 1,071 1,658 All otiaer liabilities 3.227 1,884 519 505 20,863 m . 1,329,040 232,163 TOTAL LIABILITIES 454,621 157,121 221,727 213,522 6,175.777 420,797 1,237,073 129,319 529,999 Reserve ratio (per cent) 60.6 61.2 77.0 65.3 52.5 55.1 50.8 55.2 55.6 73.1 61.3 Contingent liability on bills pur918 30,284 2,310 9,206 3,323 4,115 1,076 728 chased for foreign correspondents 3,133 1,23^ 1,108 FEDERAL RESERVE U0T2 STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 3,249,887 208,585 689,025 262,469 315,624 1 1 1 , 1 3 1 130,659 854,906 146,533 9 1 , 2 7 1 1 1 2 , 6 3 5 Held by Federal reserve bank 249,639 15,744 , 78,555 9.881 9,761 5,560 18,942 51,515 9,827 1,914 9.331 In actual circulation 3,000,248 192,841 610,470 252,588 305,363 1 0 5 , 5 7 1 1 1 1 , 7 1 7 203,391 136,706 89,357 103,304 Collateral held by agent as security for notes issued to bank 988,7^2 47,010 350,157 77,090 71 ,470 19,570 14,970 Gold and gold certificates 277,765 2 3 , 1 1 5 13,050 10,480 1,379,245 153,317 99.000 77,910 lis ,500 54,855 51,000 515,000 82,100 38,000 66,800 Gold fund - F. R. 3oard Eligible paper 58,294 10,824 13,876 19,369 ^35,5^7 16,980 1 1 5 , 2 2 5 62,874 50 ,985 21,593 25,058 U. S. Gov't, securities 000 16,000 41,000 8,000 31,000 26.700 19,000 473,700 -128,000 48,000 75 Total collateral 3,277,234 217,307 692,382 265,874 315,955 112,018 132,028 859,059 147,039 91,626 115,649 MATURITY DISTRIBUTION OF BILLS AID SHORT TERM SECURITIES 91 days to 6l to 90 days 31 to 60 days Total Within 15 days 16 to 30 days 6 months 8,642 31,696 Bills discounted 23,619 327,132 239,487 21,807 211 Bills bought in open market 59,312 4s,4si 174,076 30,319 35,753 Certificates and bills 92,250 130,525 29,950 138,686 960,551 197,797 Municipal warrants 25 4,672 4,697 53.^57 154,903 4,719 2,166 1,720 4,151 163 5.726 57,506 169,499 1 3 . 1 5 1 17,001 3,792 io,4oi 2,719 19,701 956 1,217 120,375 470,014 61.3 ^9.9 918 2,215 39,27^ 287,775 3,029 35,580 36,245 252,195 13,065 71,000 7,500 1 1 5 , 2 6 3 3,84o 36,629 15,000 66^000 39,405 238,892 Over 6 months 1,237 311,343
@FedFRASER